Lyons, NJ vs Tenafly, NJ
There is a significant gap in the cost of living between these two cities. Lyons is 27.2% cheaper than Tenafly. With a cost index of 156 vs 215, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lyons to Tenafly should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Lyons are $936,000 compared to $974,300 in Tenafly, a 4% gap.
Median household income in Lyons is $243,958 compared to $208,088 in Tenafly (+17.2%). Lyons offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.
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